Answer:
Purchase price parity.
Explanation:
Purchase prices parity is a tool that is used to compare the purchasing power of two currencies by using a certain good. It consider purchasing power of different locations.
Purchase price parity is calculated by dividing price of one basket of goods in one location and an equal basket of goods in another location.
So if we considered purchase price parity in the per capita GDP calculations, we will notice Japanese growth simply wavered during the 1990s.
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The rate of interest that Khalil Hamid Ali paid for borrowing $12,000 and paying $1,890 as interest expense for 1.5 years is <em>10.5%.</em>
Data and Calculations:
Amount borrowed = $12,000
Interest paid = $1,890
Time period = 1.5 years
Rate of interest = 10.5% ($1,890/$12,000 x 1/1.5)
Thus, the rate of interest that Khalil Hamid Ali paid for borrowing $12,000 and paying $1,890 as interest expense for 1.5 years is <em>10.5%.</em>
Learn more about rate of interest here: brainly.com/question/25545513